Tax Declaration Scheme
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Extended Deadline For Filing Income Tax Returns Ends Today
The government has also extended the due date for filing declaration under the direct tax dispute resolution scheme Vivad Se Vishwas by a month till January 31, 2021.
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Income Tax Declaration To Your Employer: The Changes You Should Be Aware Of
In the beginning of every fiscal year, employees are asked for details like their investment in ELSS, insurance policies, house rent, home loan, education loan etc. by their employer to arrive at the annual tax liability of an employee.
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Notes Ban: Tax Department Gets Over Rs 300 Crore Declarations Under PMGKY
Under the PMGKY, undisclosed income deposited in any bank or post office account can be declared by paying 50 per cent of it in taxes and surcharges.
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Foreign Accounts, Property, Bullion Can't Be Disclosed Under Tax Amnesty Scheme
Pradhan Mantri Garib Kalyan Yojana, undisclosed income deposited in any bank or post office account can be declared by paying 50 per cent of it in taxes and surcharges.
-
Tax Department Begins Process Of Analysing Deposits Post Notes Ban
Tax department has begun the process to examine bank deposits and transactions to check possible black money instances and said once the last opportunity to declare funds in old notes under the PMGKY scheme ends it will be very tough for hoarders.
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Post Raids, Black Money To Attract Over 137% In Tax, Penalty
Not declaring undisclosed cash or deposits under the scheme but showing it as income in the tax return form would lead to a total levy of 77.25 per cent in taxes and penalty.
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Simple Form To Be Filled For Declarations Under New Tax Evasion Amnesty Scheme
A simple two-page form is all that needs to be filled for declaring unaccounted cash under the new tax evasion amnesty scheme which does not require one to reveal the source of such income.
-
Black Money Holders Get Last Chance To Disclose Till March 2017
Not declaring the black money under the scheme now but showing it as income in the tax return form would lead to a total levy of 77.25 per cent in taxes and penalty.
-
Three More Months To Come Clean On Black Money, Government Warns: 10 Developments
The government today gave three more months to people to come clean on their untaxed wealth under a scheme announced last month and get rid of the "black money" stain. Under the Pradhan Mantri Garib Kalyan Yojana, people can declare their illegal money and pay 50 per cent as tax till March 31, Revenue Secretary Hasmukh Adhia said. Urging people to ...
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Government To Notify Scheme For Taxing Black Money Holders This Week
The Pradhan Mantri Garib Kalyan scheme provides for 50 per cent taxes and surcharge on declarations of unaccounted cash deposited in banks. Declarants also have to park a quarter of the total sum in a non-interest bearing deposit for four years.
-
Mumbai's Rs 2 Lakh Crore Family Admitted They Were A Front, Say Sources
Could the Rs 2 lakh crore income declaration by Mumbai-based family have been a front for certain "big names"? Sources in the income tax department say they are inquiring into the possibility.
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No Answers From Businessman Who Declared 13,860 Crore, Say Investigators
Days after his stunning revelation before a news channel that politicians, bureaucrats and builders owned the Rs 13,860 crore he declared under the Income Declaration Scheme, real estate dealer Mahesh Shah has refused to divulge the source to the Income Tax department.
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Where Is Mumbai's $29 Billion Family? Flat Empty, Neighbours Clueless
One would assume that after declaring their Rs 2 lakh crore net worth in IDS, the Sayeds would be a well-known name in Bandra's social circles, but even their neighbours haven't seen them
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Indian Family Says Skipped Tax On $29 Billion: Foreign Media
A family of four Indians told the government it had evaded tax on $29 billion of income. That fortune would make them wealthier than the nation's richest man.
-
How Big Is Rs 2 Lakh Crore Declared By Mumbai-Based Sayed Family
The money which the Sayed family has disclosed is 53 times of the total Rs 3,770 crore disclosed under last years foreign asset disclosure scheme.
-
Extended Deadline For Filing Income Tax Returns Ends Today
The government has also extended the due date for filing declaration under the direct tax dispute resolution scheme Vivad Se Vishwas by a month till January 31, 2021.
-
Income Tax Declaration To Your Employer: The Changes You Should Be Aware Of
In the beginning of every fiscal year, employees are asked for details like their investment in ELSS, insurance policies, house rent, home loan, education loan etc. by their employer to arrive at the annual tax liability of an employee.
-
Notes Ban: Tax Department Gets Over Rs 300 Crore Declarations Under PMGKY
Under the PMGKY, undisclosed income deposited in any bank or post office account can be declared by paying 50 per cent of it in taxes and surcharges.
-
Foreign Accounts, Property, Bullion Can't Be Disclosed Under Tax Amnesty Scheme
Pradhan Mantri Garib Kalyan Yojana, undisclosed income deposited in any bank or post office account can be declared by paying 50 per cent of it in taxes and surcharges.
-
Tax Department Begins Process Of Analysing Deposits Post Notes Ban
Tax department has begun the process to examine bank deposits and transactions to check possible black money instances and said once the last opportunity to declare funds in old notes under the PMGKY scheme ends it will be very tough for hoarders.
-
Post Raids, Black Money To Attract Over 137% In Tax, Penalty
Not declaring undisclosed cash or deposits under the scheme but showing it as income in the tax return form would lead to a total levy of 77.25 per cent in taxes and penalty.
-
Simple Form To Be Filled For Declarations Under New Tax Evasion Amnesty Scheme
A simple two-page form is all that needs to be filled for declaring unaccounted cash under the new tax evasion amnesty scheme which does not require one to reveal the source of such income.
-
Black Money Holders Get Last Chance To Disclose Till March 2017
Not declaring the black money under the scheme now but showing it as income in the tax return form would lead to a total levy of 77.25 per cent in taxes and penalty.
-
Three More Months To Come Clean On Black Money, Government Warns: 10 Developments
The government today gave three more months to people to come clean on their untaxed wealth under a scheme announced last month and get rid of the "black money" stain. Under the Pradhan Mantri Garib Kalyan Yojana, people can declare their illegal money and pay 50 per cent as tax till March 31, Revenue Secretary Hasmukh Adhia said. Urging people to ...
-
Government To Notify Scheme For Taxing Black Money Holders This Week
The Pradhan Mantri Garib Kalyan scheme provides for 50 per cent taxes and surcharge on declarations of unaccounted cash deposited in banks. Declarants also have to park a quarter of the total sum in a non-interest bearing deposit for four years.
-
Mumbai's Rs 2 Lakh Crore Family Admitted They Were A Front, Say Sources
Could the Rs 2 lakh crore income declaration by Mumbai-based family have been a front for certain "big names"? Sources in the income tax department say they are inquiring into the possibility.
-
No Answers From Businessman Who Declared 13,860 Crore, Say Investigators
Days after his stunning revelation before a news channel that politicians, bureaucrats and builders owned the Rs 13,860 crore he declared under the Income Declaration Scheme, real estate dealer Mahesh Shah has refused to divulge the source to the Income Tax department.
-
Where Is Mumbai's $29 Billion Family? Flat Empty, Neighbours Clueless
One would assume that after declaring their Rs 2 lakh crore net worth in IDS, the Sayeds would be a well-known name in Bandra's social circles, but even their neighbours haven't seen them
-
Indian Family Says Skipped Tax On $29 Billion: Foreign Media
A family of four Indians told the government it had evaded tax on $29 billion of income. That fortune would make them wealthier than the nation's richest man.
-
How Big Is Rs 2 Lakh Crore Declared By Mumbai-Based Sayed Family
The money which the Sayed family has disclosed is 53 times of the total Rs 3,770 crore disclosed under last years foreign asset disclosure scheme.
